This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, which is widely employed in the pharmaceutical and materials science industries. Its boronate ester group serves as a key intermediate for constructing complex organic molecules, enabling the formation of carbon-carbon bonds. This makes it valuable in the development of drugs, agrochemicals, and advanced materials. Additionally, its benzonitrile moiety can contribute to the stability and reactivity of the compound, making it suitable for use in catalysis and polymer chemistry. Its applications extend to the synthesis of fluorescent dyes and other functional materials due to its structural versatility.